||All existing as well as new units belonging to printing press industry will be eligible for this cluster based scheme for Printing press industry.
|Type of Facility
||Cash Credit (Stock/Book Debts),
Machinery Loan (New as well as Second hand)
||Cash Credit : 30% on stock and 40% on book debts (upto 90 days)
Secured Loan : 40% against immovable property
Machinery Loan :
- For purchase of New machinery – 25% ( When subsidy is available), otherwise 30%.
- For purchase of Second hand imported machinery, bank will consider loan amount considering 40% margin of valuation or 30% of invoice value depending on case to case basis.
||For Cash Credit (Stock/Book Debts), Machinery loan and Secured loan, interest rates will be as under:
(a) 9.75% p.a. for customers fulfilling following conditions:
(b) 10.00% p.a. subject to condition that collateral security coverage should 75% or more but less than 100% and all other 3 conditions are fulfilled.
- 100% or more collateral security coverage
- Satisfactory track record with us or other FIs.
- Profit making unit for last 3 years. (Cash profit)
- Promoters contribution is 30% or above
(c) When collateral security coverage is less than 75%, our regular interest rates as applicable to SSI units will be applicable.